Word: port
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...months ago after the death of his admired mother Corazon, a former president and symbol of democacy during the anti-Marcos struggle. Some pundits predicted his star would quickly fade, but that hasn't happened. Manuel Villar, a rags-to-riches real estate developer born in Manila's Tondo port area, is placing second. Behind him is ousted former president Joseph "Erap" Estrada. He was convicted on corruption charges in 2007, sentenced to life imprisonment and then pardoned by current President Gloria Macapagal Arroyo. The 72-year-old actor - who is back on the big screen now in a comedy...
Susan S. Bartell, PORT WASHINGTON...
...easy leisure, of bucolic clumps of crape myrtle and mahogany trees, whose center is the Monumen Nasional - founding father Sukarno's heroic white obelisk. From its observatory deck, you'll see the Kali Besar, Jakarta' big canal dug during the city's prosperous days as a tropical spice-trading port, running north. South is Menteng, the early 20th century planned garden neighborhood where local élite, like the late Suharto's clan, reside. For them Jakarta again is a town of joy, booming with steel, glass and shining retail spaces. But Tales of Djakarta, in which the poor bathe...
Dubai and Dubai World, one of the flagship state-owned conglomerates, have lots of good assets, including a state-of-the-art multiterminal international airport, an airline and port facilities with vast container capacity. However, under Dubai law and the regulations of the U.A.E., banks cannot seize control and ownership of the buildings they have financed. And there are more buildings on the way. There are scads of unfinished buildings in Dubai, including high-priced residential properties. About 100,000 new dwellings were scheduled to hit the market in 2010. (Read about how hard times have come for Dubai...
...benefits have flowed in both directions. Take Walmart. By some estimates, over the past several years, the retailer alone has accounted for 15% of U.S. imports from China, which would mean in excess of $30 billion this year. As those goods enter the port of Long Beach, Calif., they require American workers to offload them, American trains and trucks to ship them and American workers to sell them. None of those facts are visible in the trade statistics, yet they are real. And take a company like Schnitzer Steel of Oregon, a once regional company that collects and sells scrap...